29/04/2011 (India Infoline) - the edible oils ruled weak in the absence of demand. Palmolein and soya refined oil ruled steady despite Malaysian crude palm oil (CPO) continuing to rule lower. In Mumbai market, groundnut oil after witnessing a jump of Rs. 40 in last one week, dropped Rs. 10. In Saurashtra, groundnut oil came down by Rs. 20 to Rs. 1,275 (Rs 1,295) for telia tin and Rs. 15 to Rs. 825 (Rs 840) for 10-kg loose. Rapeseed oil and cotton oil also declined by Rs. 7 and Rs. 5 respectively. Soya oil, palmolein and sunflower oil ruled steady.

On the Mumbai commodity exchange, the spot rates were (Rs/10kg): Groundnut oil 840 (850), soya refined oil 605 (605), sunflower expeller refined 630 (630), sunflower refined 675 (680), rapeseed refined oil 608 (615), rapeseed expeller refined 578 (585), cotton refined oil 593 (598) and palmolein 567 (567).